Today's Labor Department report on unemployment insurance applications suggests that the job market remains firm. Initial claims rose to 277,000 (-5.3% y/y) during the week ended September 26 from an unrevised 267,000 during the prior [...]
Introducing
Tom Moeller
in:Our Authors
Prior to joining Haver Analytics in 2000, Mr. Moeller worked as the Economist at Chancellor Capital Management from 1985 to 1999. There, he developed comprehensive economic forecasts and interpreted economic data for equity and fixed income portfolio managers. Also at Chancellor, Mr. Moeller worked as an equity analyst and was responsible for researching and rating companies in the economically sensitive automobile and housing industries for investment in Chancellor’s equity portfolio. Prior to joining Chancellor, Mr. Moeller was an Economist at Citibank from 1979 to 1984. He also analyzed pricing behavior in the metals industry for the Council on Wage and Price Stability in Washington, D.C. In 1999, Mr. Moeller received the award for most accurate forecast from the Forecasters' Club of New York. From 1990 to 1992 he was President of the New York Association for Business Economists. Mr. Moeller earned an M.B.A. in Finance from Fordham University, where he graduated in 1987. He holds a Bachelor of Arts in Economics from George Washington University.
Publications by Tom Moeller
by:Tom Moeller
|in:Economy in Brief
Global| Sep 29 2015U.S. Gasoline & Crude Oil Prices Stabilize
Gasoline prices at the pump were fairly stable last week at $2.32 per gallon (-30.8% y/y) but remained below $2.84 in mid-June. Haver Analytics constructs factors adjusting for the seasonal variation in pump prices. The seasonally [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2015
U.S. Pending Home Sales Decline Sharply
The National Association of Realtors (NAR) reported that pending sales of single-family homes declined 1.4% during August (+6.7% y/y) following an unrevised 0.5% July gain. Expectations were for a 0.4% increase according to Bloomberg. [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 28 2015
U.S. Personal Income Gain Moderates; Spending Remains Firm
Personal income increased 0.3% during August following a 0.5% July rise, revised from 0.4%. The latest gain was the weakest since March and disappointed expectations for a 0.4% rise in the Action Economics Forecast Survey. The source [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 25 2015
U.S. GDP Growth Is Revised Up as Final Demand Strengthens
Real economic activity grew at a revised 3.9% annual rate in the second quarter (2.7% y/y) versus last month's estimate of 3.7% and the initial estimate of a 2.3% rise. This compares to a 0.6% Q1 advance, which was restrained by [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2015
Chicago Fed National Activity Index Reverses Earlier Improvement
The Chicago Federal Reserve reported that its National Activity Index (CFNAI) during August collapsed to -0.41 after jumping to 0.51 in July, revised from 0.34. Ironing out this volatility was the three-month moving average which [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2015
U.S. Initial Jobless Insurance Claims Notch Higher
Initial unemployment insurance claims rose to 267,000 (-8.4% y/y) during the week ended September 19 from an unrevised 264,000 during the prior week. The four week moving average of claims was little-changed at 271,750. The Action [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2015
U.S. New Home Sales Reach 2008 High
New home sales during August climbed 5.7% last month to 552,000 units (SAAR) from 522,000 during July, revised from 507,000. It was the highest level of sales since February 2008. Sales of 515,000 were expected in the Action Economics [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 24 2015
U.S. Durable Goods Orders Decline Paced By Civilian Aircraft
New orders for durable goods fell 2.0% (-1.9% y/y) during August following a 1.9% July increase, revised from 2.0%. The decline matched expectations in the Action Economics Forecast Survey. During the last ten years, there has been an [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 23 2015
U.S. Mortgage Loan Applications Jump As Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 13.9% last week (34.9% y/y), recovering declines in the prior two weeks. Applications to refinance loans led the increase with a 17.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 23 2015
U.S. Mortgage Loan Applications Jump As Rates Steady
The Mortgage Bankers Association reported that its total Mortgage Market Volume Index increased 13.9% last week (34.9% y/y), recovering declines in the prior two weeks. Applications to refinance loans led the increase with a 17.7% [...]
by:Tom Moeller
|in:Economy in Brief
- Global| Sep 22 2015
Philadelphia Fed Nonmanufacturing Survey Improves
The Federal Reserve Bank of Philadelphia reported that its Index of Nonmanufacturing Sector Activity rose to 29.3 and stood at the highest level in three months. Nevertheless, the reading was the third consecutive figure below the [...]
by:Tom Moeller
|in:Economy in Brief
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